Request to Reconsider Changwon Speculative Overheated District 'Will the Speculative Overheated District Be Lifted?'

Visited Ministry of Land, Infrastructure and Transport to explain apartment price decline and low proportion relative to transaction volume

On the 15th, Changwon City visited Gyeongnam Province and the Ministry of Land, Infrastructure and Transport to request the removal of the speculative overheating district designation.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City in Gyeongnam visited Gyeongnam Province and the Ministry of Land, Infrastructure and Transport on the 15th to request the removal of the speculative overheated district designation for Dong-eup and Buk-myeon areas in Uichang-gu.

Last December, the Ministry of Land designated Uichang-gu as a speculative overheated district and Seongsan-gu as a regulated area, based on the overheating patterns mainly occurring in apartment-dense areas.

The city initially requested that only the dong (neighborhood) areas of Uichang-gu, excluding Dong-eup, Buk-myeon, and Daesan-myeon, be designated as regulated areas.

However, the Ministry of Land designated Dong-eup and Buk-myeon together, citing that the quantitative requirements for regulated areas were not met.

In response, the city actively requested the removal of the speculative overheated district designation, explaining that the average apartment prices and transaction volumes in Dong-eup and Buk-myeon are significantly lower than those in Uichang-gu.

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